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A Complex Trust Has Taxable Income Of $29,900 In 2013.

A Complex Trust Has Taxable Income Of $29,900 In 2013.

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 A complex trust has taxable income of $29,900 in 2013. The $29,900 includes $5,000 of long-term capital gains and $25,000 of taxable interest income, reduced by the $100 personal exemption. The trust makes no distributions during the year. 

 
ESTATES AND TRUSTS
If taxable income is:
The tax is:
Not over $2,450 . . . . . . . . . . . . . . . . . . . . .
15% of taxable income.
Over $2,450 but not over $5,700 . . . . . . . .
$367.50, plus 25% of the excess over $2,450.
Over $5,700 but not over $8,750 . . . . . . . .
$1,180.00, plus 28% of the excess over $5,700.
Over $8,750 but not over $11,950 . . . . . . .
$2,034.00, plus 33% of the excess over $8,750.
Over $11,950 . . . . . . . . . . . . . . . . . . . . . . .
$3,090.00, plus 39.6% of the excess over $11,950.
Single
If taxable income is:
The tax is:
Not over $8,925 . . . . . . . . . . . . . . . . . . .


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